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Silver - Breaking Long-Term Resistance

Silver is clearly bullish and is trading at levels unseen in 2 years. Hourly support can be found at 18.19 (intraday low). Resistance at 18.47 (29/06/2016) has been broken. Expected to increase again.

In the long-term, the metal has broken a declining downtrend and has started to increase again. Resistance at 18.48 (21/01/2015 high) has been broken. Strong support can be found at 11.75 (20/04/2009).

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